what is accural ledger
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Answer / mrityunjoy dubey
accrual sytem of accounting signify the method in which we
should provide all the recurring expenses of the year in
the final accout as well as all the capital expenditure
made in the year should be reflected in balancesheet
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / rajendra prasad
Recognition of revenue and costs as they are earned or
incurred(and not as money is received or paid.) It includes
recognition of transactions relating to assets and
liabilities as they occured irrespective of the actual
receipts or payments.
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